Malaysia: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Malaysia

In 2021, the Malaysian porous-tipped pen market decreased by -15% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a noticeable decline. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Porous-Tipped Pen Production in Malaysia

In value terms, porous-tipped pen production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production saw a mild setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Porous-Tipped Pen Exports

Exports from Malaysia

In 2021, porous-tipped pen exports from Malaysia skyrocketed to X units, jumping by 25% against the previous year's figure. Overall, exports showed slight growth. The growth pace was the most rapid in 2016 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, porous-tipped pen exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Australia (X units) and Singapore (X units) were the main destinations of porous-tipped pen exports from Malaysia, together accounting for 40% of total exports. Mexico, Japan, the UK, South Africa, Vietnam, Turkey, China, Spain, Germany and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +33.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Singapore ($X) constituted the largest markets for porous-tipped pen exported from Malaysia worldwide, together accounting for 40% of total exports. These countries were followed by Mexico, Japan, the UK, South Africa, Vietnam, Turkey, China, Spain, Germany and France, which together accounted for a further 35%.

Vietnam, with a CAGR of +33.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, surging by 6.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 12% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per unit) and Mexico ($X per unit), while the average price for exports to Germany ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.3%), while the prices for the other major destinations experienced a decline.

Porous-Tipped Pen Imports

Imports into Malaysia

After two years of decline, purchases abroad of porous-tipped pens and markers increased by 5% to X units in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 26%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, porous-tipped pen imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of porous-tipped pen to Malaysia, accounting for a 41% share of total imports. Moreover, porous-tipped pen imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Japan (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.8% per year) and Japan (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of porous-tipped pens and markers to Malaysia, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and Japan (-1.8% per year).

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, rising by 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 an increase of 11%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Vietnam ($X per unit), while the price for Thailand ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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